Quick Commerce Startup Zepto To Relocate Headquarters ..
Quick Commerce Startup Zepto To Relocate Headquarters ..
Zepto, a startup that delivers groceries, fruits, vegetables, electronics, clothing, and other household items, intends to relocate its main office from Powai in mumbai to sarjapur in Bengaluru. The move aims to streamline its operations and expand its technological presence and market reach.Presently, Zepto runs its business operations in mumbai and its technical and product teams in Bengaluru. The company plans to bring all 1,700-1,800 employees together in one location, requiring staff to relocate by the end of november or early December, as reported by a Zepto employee.
The startup is currently considering properties in the sarjapur, HSR, or Bellandur areas of Bellandur for its relocation. It employs roughly 1000 staff in mumbai, 400 in Bengaluru, and 300 elsewhere. About 90% of the Mumbai-based employees are reportedly willing to relocate, with a small percentage potentially unable to do so. Zepto will cover the relocation expenses for its employees, which is estimated to cost the company between INR 3-4 Crore. However, the move from mumbai to Bengaluru is expected to save the company approximately INR 40-50 Lakh per month in rent.
Ratna Mehta, CEO and Managing Partner of Fundalogical Ventures, mentioned that Bengaluru's investor community is vibrant. This means that those seeking venture capital will have the opportunity to participate in roadshows close to home, and the post-investment support ecosystem is also robust. vikram Ahuja, co-founder of ANSR, CEO Talent500, and ANSR Research, highlighted Bengaluru's status as the startup capital, with over 26,000 active startups and access to about 40% of the country's unicorns. This makes Bengaluru a key destination for organizations aiming to achieve growth, drive transformation, and enhance overall value, he added.
In June, Zepto secured $665 million, approximately Rs 5,560 crore in indian rupees, in its latest funding round, valuing the startup at $ 3.6 billion. This is nearly triple its valuation from the previous year. Zepto Co-founder Aadit Palicha primarily operates from mumbai but frequently travels between Bangalore and Mumbai.Another source mentioned, "Zepto is considering a total capacity of 1,800-2,000 in Bangalore, close to its current office."
Zepto will assist employees with relocation, providing support such as travel arrangements, assistance with finding new accommodations, hotel stays, and help with school admissions for employees' children. Employees interested in moving to Bangalore have been given a six-month period."The transition to Bangalore will commence from November-December, and the complete operational shift is expected to occur in the first quarter of 2025," reported sources.The company is confident that its growth trajectory and subsequent funding rounds will facilitate talent acquisition in Bengaluru. Entrepreneurs such as Bhavish Aggarwal of Ola, Gaurav Munjal of Unacademy, Kunal Shah of CRED, and Jitendra Gupta of Jupiter have previously relocated from mumbai to Bengaluru in recent years.
Zepto, a startup that delivers groceries, fruits, vegetables, electronics, clothing, and other household items, intends to relocate its main office from Powai in mumbai to sarjapur in Bengaluru. The move aims to streamline its operations and expand its technological presence and market reach.Presently, Zepto runs its business operations in mumbai and its technical and product teams in Bengaluru. The company plans to bring all 1,700-1,800 employees together in one location, requiring staff to relocate by the end of november or early December, as reported by a Zepto employee.
The startup is currently considering properties in the sarjapur, HSR, or Bellandur areas of Bellandur for its relocation. It employs roughly 1000 staff in mumbai, 400 in Bengaluru, and 300 elsewhere. About 90% of the Mumbai-based employees are reportedly willing to relocate, with a small percentage potentially unable to do so. Zepto will cover the relocation expenses for its employees, which is estimated to cost the company between INR 3-4 Crore. However, the move from mumbai to Bengaluru is expected to save the company approximately INR 40-50 Lakh per month in rent.
Ratna Mehta, CEO and Managing Partner of Fundalogical Ventures, mentioned that Bengaluru's investor community is vibrant. This means that those seeking venture capital will have the opportunity to participate in roadshows close to home, and the post-investment support ecosystem is also robust. vikram Ahuja, co-founder of ANSR, CEO Talent500, and ANSR Research, highlighted Bengaluru's status as the startup capital, with over 26,000 active startups and access to about 40% of the country's unicorns. This makes Bengaluru a key destination for organizations aiming to achieve growth, drive transformation, and enhance overall value, he added.
In June, Zepto secured $665 million, approximately Rs 5,560 crore in indian rupees, in its latest funding round, valuing the startup at $ 3.6 billion. This is nearly triple its valuation from the previous year. Zepto Co-founder Aadit Palicha primarily operates from mumbai but frequently travels between Bangalore and Mumbai.Another source mentioned, "Zepto is considering a total capacity of 1,800-2,000 in Bangalore, close to its current office."
Zepto will assist employees with relocation, providing support such as travel arrangements, assistance with finding new accommodations, hotel stays, and help with school admissions for employees' children. Employees interested in moving to Bangalore have been given a six-month period."The transition to Bangalore will commence from November-December, and the complete operational shift is expected to occur in the first quarter of 2025," reported sources.The company is confident that its growth trajectory and subsequent funding rounds will facilitate talent acquisition in Bengaluru. Entrepreneurs such as Bhavish Aggarwal of Ola, Gaurav Munjal of Unacademy, Kunal Shah of CRED, and Jitendra Gupta of Jupiter have previously relocated from mumbai to Bengaluru in recent years.